The company said revenue for its fiscal 2024 Q2 quarter (ended January 31, 2024) grew 19% year over year to $2.0 billion, and remaining performance obligation grew 22% year over year to $10.8 billion.

1. 01

   The company said revenue for its fiscal 2024 Q2 quarter (ended January 31, 2024) grew 19% year over year to $2.0 billion, and remaining performance obligation grew 22% year over year to $10.8 billion.

2. 02

   The company said GAAP net income for Q2 was $1.7 billion, or $4.89 per diluted share, and included a $1.5 billion net tax benefit from the release of its valuation allowance. GAAP net income for the prior-year quarter was $0.1 billion, or $0.25 per share.

3. 03

   The company said non-GAAP operating margin for Q2 rose 580 basis points year over year to 29%, and non-GAAP net income was $0.5 billion, or $1.46 per diluted share, compared with $0.3 billion, or $1.05 per share, a year earlier.

4. 04

   The company updated its full-year 2024 outlook, providing total billings of $10.10 billion to $10.20 billion, total revenue of $7.95 billion to $8.00 billion, and an adjusted free cash flow margin of 38.0% to 39.0%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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